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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (20480)	10/22/2004 11:48:10 AM
From: ild	Respond to of 110194

Date: Fri Oct 22 2004 10:39 trotsky (Wall Street brokers once again with egg on their face...) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved remember how they ALL just HATED GOOG when its shares first began trading? after all the firm had chosen an IPO model that - gasp! - cut out the middlemen, who thus didn't get their usual cut. the fact that to a man, they advised people NOT to buy the stock ( even the shills on CNBS were remarkably lukewarm when it came to GOOG ) , was a big tip-off that it would probably turn into a very good investment. and voila, it is UP about 70% in less than 3 months of trading! the point above was however driven home even more forcefully by the fact that one broker has finally broken ranks and said something positive - i believe Prudential slapped a 'buy' on it, and upped its target to $200. so they hated it at $100, hated it at the IPO price of $85 or so, but NOW, at $170 3 months later, they love it! what a revolting bunch of clowns. good news: most of them STILL hate the gold stocks...check the ratings, only ONE firm has deigned to up a few ratings from 'who cares?' to 'maybe' in the past 3 months. Date: Fri Oct 22 2004 10:06 trotsky (@somewhat surprising) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved it seems the market, after the initial negative reaction, is warming up to the idea of an HMY/GFI merger. at least we have something of a contrast program going on here compared to the IAG/WHT/GSS/CDE would-be deal intermezzo during which the shares of all concerned parties just kept going down most of the time. i guess that's the moment when you knock on wood.